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Federal Deposit Insurance Corporation

Division of Supervision

550 17th Street NW, Washington, DC 20429

Special Alert
July 16, 1999

Counterfeit Cashier’s Checks


The Federal Deposit Insurance Corporation (FDIC) has learned that counterfeit cashier's checks
drawn on Corus Bank, Chicago, Illinois, are in circulation. Attached for your information is a
copy of one of the bank's legitimate cashier's checks and a copy of one of the counterfeit
instruments. Please note the difference in placement of the name "Corus Bank" and the words
"Cashier's Check" on the checks. The $400,000 item was deposited in an account at an
Arkansas bank, and an inquiry concerning another counterfeit cashier's check in the amount of
$600,000 has been received from a bank in the U.S. Virgin Islands.


Any information you have concerning this matter should be brought to the attention of:
Mr. Warren Goldberg
Legal/Fraud Manager
Corus Bank
3179 Clark Street
Chicago, Illinois 60657
Telephone (773) 832-7988
Fax (773) 244-7921

Information concerning these instruments also may be forwarded to the FDIC's Special
Activities Section, 550 17th Street, NW, Room F-6012, Washington, DC 20429. For your
reference, all FDIC Financial Institution Letters published since January of 1995 may be found
on the FDIC's Web site at under the "Banking News" category.


James L. Sexton

Attachment: (not available electronically)
Distribution: FDIC-Supervised Banks (Commercial and Savings)
NOTE: Paper copies of FDIC financial institutions letters may be obtained through the FDIC's
Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (800-2766003 or (703) 562-2200).